Graham Capital Management L.P. Sells 21,864 Shares of Navient Corporation $NAVI

Graham Capital Management L.P. decreased its stake in shares of Navient Corporation (NASDAQ:NAVI) by 20.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 86,335 shares of the credit services provider’s stock after selling 21,864 shares during the quarter. Graham Capital Management L.P.’s holdings in Navient were worth $1,090,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Navient during the 1st quarter worth about $40,000. New Age Alpha Advisors LLC bought a new stake in shares of Navient during the 1st quarter worth about $71,000. Covestor Ltd boosted its holdings in shares of Navient by 15.7% during the 1st quarter. Covestor Ltd now owns 7,303 shares of the credit services provider’s stock worth $92,000 after buying an additional 993 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Navient by 2,663.1% during the 1st quarter. GAMMA Investing LLC now owns 8,096 shares of the credit services provider’s stock worth $102,000 after buying an additional 7,803 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Navient during the 1st quarter worth about $129,000. Institutional investors own 97.14% of the company’s stock.

Navient Stock Performance

Shares of Navient stock opened at $13.64 on Thursday. The company has a 50 day moving average of $13.79 and a 200-day moving average of $13.29. Navient Corporation has a 1-year low of $10.53 and a 1-year high of $16.53. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 16.52. The company has a market cap of $1.36 billion, a PE ratio of 44.00 and a beta of 1.35.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Navient had a return on equity of 4.08% and a net margin of 0.89%.The firm had revenue of $156.00 million for the quarter, compared to the consensus estimate of $156.20 million. During the same period last year, the company posted $0.29 EPS. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. As a group, equities research analysts forecast that Navient Corporation will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 5th. Navient’s dividend payout ratio is 206.45%.

Analysts Set New Price Targets

A number of analysts have issued reports on NAVI shares. Keefe, Bruyette & Woods cut their price objective on shares of Navient from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Navient from $12.50 to $15.50 and gave the company a “neutral” rating in a report on Friday, July 11th. Finally, Morgan Stanley cut their price objective on shares of Navient from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $13.56.

Navient Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.